£682,768
This estimated value is based upon the latest sale price for the house of £285,000 on 11 Apr 2003. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £285,000 | 11 Apr 2003 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for MEDWAY to estimate the market value.
When this house was purchased in April 2003 the House Price Index for MEDWAY was 62.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 139.568%.Applying this 139.568% change to the original purchase price of £285,000 results in an estimated price of approximately £682,768.
| 11 Apr 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.0 | 148.6 | 139.568 % | £285,000 | £397,768 | £682,768 |
The Postcode Pricing Model uses changes in average sales price within the ME3 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 149.676 % | £426,577 | £711,577 |
| 3 Month Average | 109.030 % | £310,734 | £595,734 |
| 6 Month Average | 128.391 % | £365,915 | £650,915 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £522,739 | £515,000 | 8 BURTON CLOSE |
| 4 Sep 2023 | £324,145 | £320,000 | 20 LEIGH ROAD |
| 24 Mar 2023 | £346,010 | £342,750 | 58 LEIGH ROAD |
| 30 Nov 2022 | £518,717 | £525,000 | 5 BURTON CLOSE |
| 6 May 2022 | £290,473 | £285,000 | 2 CHAPLIN CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hollywood Lane |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Burton Close |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Sports/Recreation Area |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Sports/Recreation Area |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Greenfields Close |